Kai Risdahl

This is APM.

On the program today, jobs and banks and infrastructure.

Some other stuff, too.

From American Public Media, this is Marketplace.

In Los Angeles, I'm Kai Rizdahl.

It is Wednesday today, the 3rd of June.

Good as it always is.

Tap me along, everybody.

We're going to get the May jobs report on Friday morning.

But ahead of that, we have gotten a private sector sneak peek of sorts.

ADP said this morning.

Private companies added 122,000 jobs last month, more than people had been guessing.

And two other firms, Gusto and Paychex by name, both of which do payroll for small businesses, reported the best outlooks they've seen so far this year.

Gusto said almost every sector and every region added jobs.

Paychex said small business employees saw their wages and hours increase last month.

Whatever happened to the low hire, low fire labor market, you ask?

Well, Marketplace's Kaylee Wells makes it all make sense.

I'll take cautious momentum, right?

Wall Street today, all rallies must come to an end.

Today it did, in equities anyway.